Public Policy

How The Saver's Match Could Transform Saving For Retirement

Spencer Williams, President & CEO of Retirement Clearinghouse (RCH) and the Portability Services Network (PSN) sits down with Russ Alan Prince of Financial Advisor Magazine to discuss the opportunities and challenges posed by the federal Saver’s Match program, slated to replace the Saver’s Credit for tax years starting in 2027. Williams offers his research-based views on the quantitative benefits of the program, while realistically identifying the operational challenges that the program could face, which Williams believes could benefit from a clearinghouse framework similar to the PSN Auto Portability model.

Retirement Savings Portability: An Idea Whose Time Has (Finally) Come

Writing in 401k Specialist, RCH's Tom Hawkins takes stock of five recent, broad-based developments that, taken together, make a compelling case that full retirement savings portability is getting closer to becoming a reality. Key developments Hawkins describes include: 1) auto portability and the rise of the Portability Services Network, 2) key government retirement savings initiatives, 3) potential provisions of SECURE 3.0, 4) an increased focus on “forgotten” accounts and 5) expanding the portability of Roth balances.

Previously featured in RCH's Consolidation Corner blog

PSCA National Kicks Off with a Look Inside Washington

Reporting on Day 1 of the 2026 PSCA National Conference, ARA Chief Content Officer John Sullivan recaps the action, which included a roundup of the latest retirement policy developments. Led by PSCA Executive Director Will Hansen, the session addressed key legislative initiatives that should be top-of-mind for plan sponsors. Hansen urged plan sponsors to have four takeaways, which included the confirmation of their recordkeeper's ability to accept Saver's Match contributions, as well as the need to evaluate auto portability -- a "hot topic" that Hansen believes could eventually become a mandate, and "would reduce leakage, missing participants, and the fraud surface area created by mailed checks."

Also featured in PSCA News

Millions lose track of their retirement savings. This plan wants to change that

EBN's Jimmy Nesbitt investigates the recent RCH whitepaper advocating for building out retirement industry clearinghouse infrastructure, and turns to author Spencer Williams, CEO of Retirement Clearinghouse and the Portability Services Network. Williams states that the purpose is to "keep people's savings intact. From a benefits perspective, nothing could be more clear, and it doesn't cost an employer one red cent." Nesbitt's piece also quotes PSN member TIAA's statement expressing support for auto portability, which Nesbitt notes is core technology for the clearinghouse expansion plan "which automatically moves a worker's retirement savings from an old employer's plan into a new one."

21,400 Plans Plug into One Network. The Creators Propose 3 More

The 401k Wire's Selma Khennisi writes about a recently-released whitepaper, authored by Retirement Clearinghouse (RCH) president & CEO Spencer Williams, "whose team are proposing a trio of new defined contribution clearinghouse networks less than three years after the debut of [an Auto Portability Network]." The paper makes the case for an Auto Locate Network (ALN), a Saver's Match Network (SMN) and a Digital Rollover Network (DRN). Describing auto portability's technology as employed by the Portability Services Network, Williams explains that "it consists of a patented search engine technology that helps locate, match and validate retirement accounts" before moving them to current-employers' plans.

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Policy Experts See Trump Accounts as Future Hub for Rollovers

Writing in PSCA News, Paul Mulholland explores the potential implications of integrating Trump Accounts into our retirement system, "such as using them to assist in account consolidation and to increase uptake of the Saver’s Match." Mulholland turns to policy experts, including RCH's Neal Ringquist, who opines that "a lot would have to change legally for Trump accounts to be used" for consolidation purposes. As it pertains to the Saver's Match, Ringquist notes that "the $1,000 seed money contributions for Trump accounts can add interfacing experience between the Treasury Department and financial institutions which will be helpful in implementing the Saver’s Match."

Keeping the Missing Participant Search Compliant

PLANSPONSOR's Emily Boyle examines the current art & science of locating missing participants, concluding that plan sponsors must still take seriously their fiduciary responsibilities to address them. Boyle refers to RCH's "recommended three best practices for plan sponsors based on whether a participant is ahead, nearing or past a distribution event" and further cites industry expert Heather Bader, who believes that "automatic plan portability offered by the Portability Services Network LLC....will go a long way in helping solve the missing-participant issue." Boyle then turns to RCH EVP & Chief Revenue Officer Neal Ringquist, who offers key PSN metrics, adding that RCH has "released a white paper advocating that a neutral, shared, digital clearinghouse" based on the auto portability model, to form the basis for "a clearinghouse for the U.S. retirement system."

Auto-portability fix for small 401(k)s leaves Roth savers behind

InvestmentNews' Lee Almazora pivots off an earlier piece in CNBC that highlights a general gap in the transfer of retirement funds that blocks Roth funds from moving back into another employer-sponsored plan, affecting auto portability. Almazora paraphrases RCH EVP & Chief Revenue Officer Neal Ringquist, who lays out key auto portability statistics, including consolidations, plans adopted and the number of active participants served by the network.